Okun's Law states that for each percentage point that the unemployment rate is above its natural rate, there is a ________ percent gap between real GDP and potential GDP.
A) 2
B) 4
C) 6
D) 8
E) random

Question

Quizplus · Accepted Answer

Okun's Law suggests that for each percentage point the unemployment rate exceeds its natural rate, there is typically a 2 percent gap between real GDP and potential GDP.

Okun's Law States That for Each Percentage Point That the Unemployment